Investor information

Innovation rooted in legacy

TransAlta Corporation is one of Canada’s largest publicly traded power generators, owning and operating a diverse fleet across Canada, the United States and Western Australia. We take a balanced, prudent and disciplined approach to capital allocation, ensuring long-term value creation for shareholders. 

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Note: The adjusted cost base for shares held on Jan. 31, 1988 is reduced by $0.75 per share subsequent to the Feb. 1, 1988 share split. The Valuation Date value of common shares owned on December 22, 1971, adjusted for stock splits is $3.79 CAD per share.

Dividends are paid quarterly as determined by the Board. In determining the level of the dividend, the board assesses the dividend payout as a percentage of earnings and as a percentage of cash flow from operations over a period of time. Dividends are at the discretion of the Board. In determining the dividend, the Board considers the Corporation’s financial performance, its results of operations, cash flow and needs with respect to financing ongoing operations and growth balanced against returning capital to shareholders. The board continues to focus on building sustainable earnings and cash flow growth.

Eligible dividends for Canadian tax purposes

TransAlta Corporation hereby advises all shareholders that, effective from January 1, 2007, all dividends paid on its common and preferred shares will be designated as “eligible dividends” for Canadian income tax purposes. This designation will apply until a notification of change is posted on this website.

For more information regarding the designation of dividends, please refer to the Canadian Revenue Agency release dated December 20, 2006.  If you have any questions regarding the taxation of eligible dividends, please contact your local office of the Canada Revenue Agency.

Common stock dividends are paid on the first of the month in January, April, July and October. When a dividend payment date falls on a weekend or holiday, the payment is made the following business day. Dividends are paid in Canadian dollars.

TransAlta Corporation currently has five series of Cumulative Redeemable Rate Reset First Preferred Shares outstanding. The Series A, B, C, D, E and G Preferred Shares are listed on the TSX under the symbols TA.PR.D, TA.PR.E, TA.PR.F, TA.PR.G, TA.PR.H and TA.PR.J, respectively.

The information below is subject in its entirety to the applicable prospectus supplement and share terms, both of which are available on TransAlta’s SEDAR profile at www.sedar.com.

Notes:

1. Holders of preferred shares shall be entitled to receive, as and when declared by the Board of Directors of TransAlta, fixed cumulative preferential cash dividends, payable quarterly on the last day of the month in March, June, September, and December in each year. When a dividend payment falls on a weekend or holiday, the payment is made on the following business day. 
2. Terms are subject to certain conditions, including potential redemption of such shares by TransAlta. Please refer to the corresponding prospectus for further details.
3. Please note the quarterly floating rate will be reset every quarter. For details on calculating the quarterly floating rate dividend, please refer to the prospectus. 

Preferred share dividends

Preferred share dividends are paid on the last day of the month in March, June, September, and December. When a dividend payment falls on a weekend or holiday, the payment is made on the following business day. Only dividend payments that have been approved by the Board of Directors are included in the following tables.

Cumulative redeemable rate reset first preferred shares, Series A (TA.PR.D)

Fixed cumulative preferential Series A cash dividends are paid quarterly when declared by the Board at the annual rate of $0.71924 per share for the five-year period from and including March 31, 2021 to but excluding March 31, 2026 based on an annual fixed dividend rate of 2.877%

Cumulative redeemable rate reset first preferred shares, Series B (TA.PR.E)

Floating cumulative preferential Series B cash dividends are paid quarterly when declared by the Board for the period from and including March 31, 2021 to but excluding March 31, 2026. Please note the quarterly floating rate will be reset every quarter.

Cumulative redeemable rate reset first preferred shares, Series C (TA.PR.F)

Fixed cumulative preferential Series C cash dividends are paid quarterly when declared by the Board at the annual rate of $1.46352 per share for the five-year period from and including June 30, 2022 to but excluding June 30, 2027 based on an annual fixed dividend rate of 5.854%.

Cumulative redeemable rate reset first preferred shares, Series D (TA.PR.G)

Floating cumulative preferential Series D cash dividends are paid quarterly when declared by the Board for the period from and including June 30, 2022 to but excluding June 30, 2027. Please note the quarterly floating rate will be reset every quarter.

Cumulative redeemable rate reset first preferred shares, Series E (TA.PR.H)

Fixed cumulative preferential Series E cash dividends are paid quarterly when declared by the Board at the annual rate of $1.72352 per share for the five-year period from and including September 30, 2022 to but excluding September 30, 2027 based on an annual fixed dividend rate of 6.894%.

Cumulative redeemable rate reset first preferred shares, Series G (TA.PR.J)

Fixed cumulative preferential Series G cash dividends are paid quarterly when declared by the Board at the annual rate of $1.247 per share for the five-year period from and including September 30, 2024, to but excluding September 30, 2029, based on an annual fixed dividend rate of 6.773%.